In 2023, the import of plastics and articles thereof to Indonesia stood at 10.685 billion US Dollars. Forecasted data indicates a consistent upward trend from 2024 to 2028. The imports increase from 11.038 billion USD in 2024 to 12.472 billion USD in 2028. The year-on-year percentage variations are as follows:
- 2025: 3.34% increase
- 2026: 3.17% increase
- 2027: 3.02% increase
- 2028: 2.88% increase
The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.10%.
Future trends to watch for:
- Potential shifts in trade policies impacting import tariffs and regulations.
- Technological advancements leading to alternative materials potentially reducing plastic imports.
- Increasing focus on sustainability and circular economy practices influencing market dynamics.
- Fluctuations in global oil prices affecting raw material costs for plastics.
